(Time: 10.37am to 10.40am)
The Executive received and considered report 160/06 of the Strategic Director and Chief Finance Officer, which introduced the Treasury Management and Investment Strategy for 2007/08.
The Treasury Management Policy required the approval of an annual Treasury Management Strategy for the next financial year. This was in line with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management and the Secretary of State’s guidance. The report put forward an Annual Strategy for 2007/08 which was unchanged from the existing strategy. The strategy was restricted to non-property investments.
RESOLVED
that the Annual Treasury Management and Investment Strategy for 2007/08 and the limits and guidelines specified in it, as set out in Appendix A to report 160/06, be approved.